Southwest Resources to Test Production Enhancement Technology
DALLAS, April 14 /PRNewswire-FirstCall/ -- Southwest Resources, Inc. (Pink Sheets: SWRS) (the "Company"), a natural resources exploration, production, and mining company, today announced that it has reached an agreement in principle to form a joint venture arrangement with QortechOil, Inc. Under the terms of the arrangement, QortechOil has provided and installed cutting edge technology on one of the Company's mineral leases in Creek County, Oklahoma to test the technology for enhanced oil production from existing wells.
QortechOil and Southwest Resources will evaluate the results of the testing over the next 30 days. The technology is unique in that it causes an electromagnetic variance in polarity to influence the fluids. Should the test return the expected result of increased oil production, the Company intends to expand the joint venture relationship to multiple leases in other locations.
About Southwest Resources, Inc.
Southwest Resources, Inc. is an energy and mining company engaged in the acquisition, development, exploration and production of natural gas, crude oil, placer deposits of precious metals such as gold and platinum, and other income-producing natural resources. The Company is currently pursuing oil and gas properties in Texas, Oklahoma, New Mexico and Arizona and has mining rights in Utah. For more information, please visit: www.southwest-resources.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
Investor Contact: |
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CSIR Group, LLC |
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Christine Petraglia |
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212-386-7082 |
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SOURCE Southwest Resources, Inc.
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